Fidelity & Guaranty Life (FGL) Stock Price Down 2.6%
Shares of Fidelity & Guaranty Life (NYSE:FGL) were down 2.6% during trading on Friday . The stock traded as low as $23.09 and last traded at $23.24, with a volume of 93,071 shares trading hands. The stock had previously closed at $23.86.
Separately, JPMorgan Chase & Co. reiterated a “hold” rating and set a $26.00 target price on shares of Fidelity & Guaranty Life in a research report on Wednesday, July 6th. Five investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $25.50.
The company’s 50 day moving average price is $22.88 and its 200-day moving average price is $24.29. The stock has a market capitalization of $1.35 billion and a price-to-earnings ratio of 13.97.
Fidelity & Guaranty Life (NYSE:FGL) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.26. The firm had revenue of $261 million for the quarter, compared to analyst estimates of $254.50 million. The business’s revenue was down 19.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 EPS. On average, equities analysts expect that Fidelity & Guaranty Life will post $2.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Monday, August 22nd will be given a dividend of $0.065 per share. The ex-dividend date is Thursday, August 18th. This represents a $0.26 annualized dividend and a dividend yield of 1.13%.
Fidelity & Guaranty Life, formerly Harbinger F&G, LLC, is a holding company. The Company’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents and brokerage firms in selected institutional markets. Its product types include fixed indexed annuities, fixed rate annuities, single premium immediate annuities (SPIAs) and life insurance, such as Universal Life and traditional life insurance products.
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